Meaning "what one is about at the moment" is from the 1590s.
The sense of "trade, commercial engagements" is first attested 1727.
In a company limited by guarantee, this will be the guarantors.
Some offshore jurisdictions have created special forms of offshore company in a bid to attract business for their jurisdictions.
A business can also be described as an organisation that provides goods and services for human needs.In legal parlance, the owners of a company are normally referred to as the "members".In a company limited or unlimited by shares (formed or incorporated with a share capital), this will be the shareholders.The Old English signs (Northumbrian) "care, anxiety, occupation," from being "careful, anxious, busy, occupied, diligent" (see busy (adj.)) -ness.Middle English sense of "state of being much occupied or engaged" (mid-14c.) is obsolete, replaced by busyness.
A company or association of persons can be created at law as legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail) to discharge their duty within the publicly declared "birth certificate" or published policy.